Slovenia Industry

Slovenia: Growth in industrial output accelerates in April

June 10, 2015

In April, industrial production expanded by 4.2% over the same month last year. The print marked a slight acceleration from the 4.0% increase tallied in March. According to the statistical office, April’s reading reflected a strong increase in manufacturing, which more than offset contractions in mining and quarrying as well as electricity, gas and water supply.

On a monthly basis, industrial output recorded seasonally-adjusted flat growth in April, which was below the 0.6% increase recorded in the previous month.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.6% in 2015, which is down 0.3 percentage points over last month’s Consensus. For 2016, the panel sees industrial output growth at 2.8%.

Author:Eric Denis , Economist

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Detailed national accounts data released by the country’s Statistical Office on 30 November revealed that the economy sped up in the third quarter, with annual GDP growth climbing to 4.8%, up from 4.0% in the second quarter.

The industrial sector decelerated markedly in September, growing a meagre 0.5% over the same month of the previous year, down from a revised year-on-year expansion of 6.0% in August (previously reported: +7.0% year-on-year).

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